California State Teachers Retirement System Has $57.58 Million Holdings in Realty Income Co. (NYSE:O)

California State Teachers Retirement System decreased its position in Realty Income Co. (NYSE:O – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 989,253 shares of the real estate investment trust’s stock after selling 12,556 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Realty Income worth $57,575,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC bought a new position in Realty Income during the second quarter valued at about $25,000. HWG Holdings LP acquired a new stake in Realty Income in the 3rd quarter worth approximately $41,000. Old North State Trust LLC bought a new stake in Realty Income during the third quarter worth approximately $47,000. CI Investments Inc. grew its holdings in Realty Income by 1,004.1% during the third quarter. CI Investments Inc. now owns 806 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 733 shares during the last quarter. Finally, Riverview Trust Co raised its position in shares of Realty Income by 90.5% in the third quarter. Riverview Trust Co now owns 924 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 439 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Realty Income Stock Down 1.0 %

O opened at $62.43 on Friday. The company has a market capitalization of $41.24 billion, a P/E ratio of 43.96, a P/E/G ratio of 5.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s fifty day moving average price is $65.68 and its two-hundred day moving average price is $63.87. Realty Income Co. has a fifty-two week low of $55.50 and a fifty-two week high of $75.40.

Realty Income (NYSE:O – Get Rating) last issued its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.62). The business had revenue of $888.65 million for the quarter, compared to analyst estimates of $840.57 million. Realty Income had a net margin of 26.00% and a return on equity of 3.14%. Realty Income’s revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. On average, analysts anticipate that Realty Income Co. will post 4.09 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a mar 23 dividend, which will be paid on Friday, April 14th. Investors of record on Monday, April 3rd will be paid a $0.255 dividend. This is a positive change from Realty Income’s previous mar 23 dividend of $0.25. The ex-dividend date of this dividend is Friday, March 31st. This represents a yield of 4.8%. Realty Income’s payout ratio is currently 214.79%.

Analyst Ratings Changes

A number of research firms recently issued reports on O. Royal Bank of Canada raised their target price on shares of Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Raymond James lowered Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. BNP Paribas assumed coverage on Realty Income in a research note on Tuesday, January 17th. They set a “neutral” rating and a $72.00 target price for the company. Mizuho dropped their price target on Realty Income from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, March 9th. Finally, StockNews.com began coverage on shares of Realty Income in a research note on Thursday. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.00.

About Realty Income

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.